Forex Signal EUR/USD: Preparing for struggle to survive Under the Euro Parity
Forex Signal For EUR/USD: Preparing for struggle to survive Under the Euro Parity
The pair will likely continue its downtrend as sellers gain more confidence that it is below 1,00
Bear Market Outlook
- Stop a sell at 1,000 and take a profit at 0,9850.
- Add a stop-loss at 1,0140.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Preparing for struggle to survive Under the Euro Parity
Bull Market Outlook
- Set a buy stop at 1.020 and a take profit at 1,0243.
- Add a stop-loss at 0,9980.
The
EUR/USD pair fell back to par after the latest strong consumer inflation data from the US and Germany, reaching this level for the first time in more than 20 years.
It is currently trading at 1,0082, which is slightly above this month's low.
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